If a market reflects a shortage and prices are allowed to move:
A) supply will increase.
B) demand will decrease.
C) price will decrease.
D) price will increase.
Ans: D) price will increase.
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The practice of the only seller in a market charging a price at the highest level that would still inflict a loss on a new entrant into the market is called
A) limit pricing. B) collusive pricing. C) agile pricing. D) trigger pricing.
All of the following are included in M1 EXCEPT
A) coin and currency. B) money market mutual fund shares. C) traveler's checks. D) checking account balances.
Compared to those with less economic freedom, countries with more economic freedom generally have ____ per capita GDP levels and ____ growth rates.
What will be an ideal response?
When American companies buy office buildings in Australia, they are generating a
A. Demand for U.S. dollars and a supply of a foreign currency. B. Demand for U.S. dollars and a demand for a foreign currency. C. Supply of U.S. dollars and a demand for a foreign currency. D. Supply of U.S. dollars and a supply of a foreign currency.